On Sept. 15, Eagle Energy Exploration LLC signed a definitive agreement to acquire oil and gas assets in the Mississippi Lime from Southlake, Texas-based Fairway Resources Partners II LLC for $195 million, according to a press release from RNS, the London Stock Exchange news service.
The properties comprise about 20,000 net acres in Alfalfa, Grant and Woods counties, Okla., the release added.
Tulsa, Okla.-based Eagle Energy is funded through equity from New York-based Riverstone Holdings LLC, the release said.
Riverstone and Eagle Energy had partnered in the Mississippi Lime through Eagle Energy Co. of Oklahoma LLC, becoming one of the largest producers before selling the company’s assets to Houston-based Midstates Petroleum Co. in October 2012, the release said.
"We are excited to re-enter the Mississippi Lime with this acquisition and believe it will provide an ideal platform as we expand our efforts in the play and other unconventional Midcontinent formations," said Steve Antry, Eagle Energy’s CEO and board chairman.
Houston-based law firm Vinson & Elkins LLP advised Riverstone, the press release said.
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